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Jeju Air swings to profit in 2023 on brisk travel demand

Korea's top low-cost carrier Jeju Air said Tuesday it swung to a net profit in 2023 on the back of a post-pandemic recovery in travel demand.

Jeju , Cheju-do , South-korea , Guam , Philippines , Japan , Jeju-air , Top , Won , Profit , Loss

Korea to toughen penalties for technology theft

The government will strengthen punishment against individuals who steal semiconductor and other industrial technology secrets from local companies. This decision comes as more people are being apprehended for engaging in such activities on behalf of Chinese and other foreign firms, the Ministry of Trade, Industry and Energy said Tuesday.

South-korea , Gyeonggi , Kyonggi-do , Seoul , Soult-ukpyolsi , Icheon , China , Chinese , Korea , Energy-ahn-duk-geun , Samsung-electronics

Kakao Pay shifts to loss in 2023

Kakao Pay on Tuesday reported its fourth-quarter net loss of 8.4 billion won ($6.3 million), turning from a profit of 33.4 billion won a year earlier. ...

Seoul , Soult-ukpyolsi , South-korea , Kakao-pay , Loss , Kakao , Swinging , Company , Compared , Won , Orea

Deadline nears with no agreement in sight for HMM sale

The sale of HMM, the nation’s leading container shipper, continues to face a conundrum, as its main creditor and a preferred bidder are showing no signs of narrowing their differences ahead of the negotiation deadline.

South-korea , Korea , Lx-international , Korea-development-bank , Korean-ocean-business , Main , Deadline , Consortium , Potential , Won , Creditor

Outspoken critic of first lady within ruling party decides not to run for election

Kim Kyung-yul, the man believed to have caused recent political tensions between the ruling party and President Yoon Suk Yeol, said, Sunday, that he won’t seek a seat in the National Assembly for the upcoming elections.

France , Seoul , Soult-ukpyolsi , South-korea , French , Korea , Jung-chung-rae , Kim-keon-hee , Kim-kyung-yul , Yoon-suk-yeol , Han-dong-hoon , People-power-party

Orion stock price plunges after firm's biotech investment

Orion, a leading confectionary company, experienced a more than a 20 percent fall in its stock price, after the firm decided to expand into the biotech industry.

Yongsan , Cholla-namdo , South-korea , China , Orion-biologics , Joo-young-hoon , Legochem-bio , Shandong-lukang-pharmaceutical-group-medicine , Yongsan-district , Choco-pies , Investment , Business

SK Ie Technology Q4 net profit up 653.1% to $54.1 mil.

SK Ie Technology on Friday reported its fourth-quarter net income of 71.8 billion won ($54.1 million), up 653.1 percent from a year earlier.

Cangzhou , Hebei , China , Yonhap-infomax , Yonhap-news-agency , Sk-ie-technology , Sk-ie-technology-on , Yonhap-news , Financial , Profit , Earnings , Market

S-Oil Q4 net down 8.3% as refining margins, FX gains fall

S-Oil, Korea's third-biggest refiner by crude oil distillation unit, said Friday its fourth-quarter net profit fell 8.3 percent from a year earlier due to low refining margins and decreased currency gains.

Saudi-arabia , Anwara-al-hejazi , Earnings , Fell , Profit , Market , Net , Yonhap , Won , Percent , Financial

Court acquits SPC Group chairman of breach of trust charges

The Seoul Central District Court acquitted SPC Group Chairman Hur Young-in, the head of Korea's biggest bakery company, over charges of gift tax evasion and breach of trust, the court said Friday.

Seoul , Soult-ukpyolsi , South-korea , Paris , France-general- , France , Fair-trade-commission , Seoul-central-district-court , Spc-group , Seoul-high-court , Chairman-hur-young-in

Naver Q4 net profit soars 129% on strong commerce, fintech biz

Korean tech giant Naver said Friday its fourth-quarter net profit jumped 129 percent from a year earlier, largely driven by robust growth of its commerce and fintech businesses.

Seoul , Soult-ukpyolsi , South-korea , Korea , Choi-soo-yeon , Kim-nam-sun , Korea-composite-stock-price-index , Growth , Thanks , Sales , Won